Published on 7/6/2021 in the Prospect News Structured Products Daily.
New Issue: UBS sells $5.74 million trigger autocallable notes on Nasdaq, Russell, Dow
By Wendy Van Sickle
Columbus, Ohio, July 6 – UBS AG, London Branch priced $5.74 million of 0% trigger autocallable notes due July 3, 2025 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 12% annualized premium if each index closes at or above its call level, 100% of initial level, on any annual observation date.
If the notes are not called, the payout at maturity will be par unless any index finishes below its 70% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing index.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger autocallable notes
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Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index, Russell 2000 index
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Amount: | $5,743,000
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Maturity: | July 3, 2025
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Coupon: | 0%
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Price: | Par
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Call: | At par plus 12% annualized premium if all indexes close at or above call level, 100% of initial level, on any annual observation date
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Payout at maturity: | Par unless any index finishes below downside threshold, in which case 1% loss for each 1% decline of worst performing index
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Initial levels: | 34,502.51 for Dow, 14,554.8 for Nasdaq, 2,310.549 for Russell
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Downside thresholds: | 24,151.76 for Dow, 10,188.36 for Nasdaq, 1,617.384 for Russell; 70% of initial levels
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Pricing date: | June 30
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Settlement date: | July 6
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Agent: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 0%
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Cusip: | 90276BW25
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